TEHRAN, Oct. 31 (MNA) – Minister of Petrulem Bijan Zanganeh dismissed claims by some media that Russia may play a part in Iran’s oil sales following the US reimposition of sanctions on the country’s oil sector on November 5.

Speaking to reporters on the sidelines of a cabinet session on Wednesday, Oil Minister Bijan Zanganeh dismissed as untrue the claims made by some news agencies such as Reuters that Russia may play a part in the sale of Iranian oil in the wake of an oil exports embargo to be imposed by US on Iran as part of the Nov. 5th round of anti-Iran sanctions.

He also noted that 280,000 barrels of oil have been sold via the national stock exchange, and the rest will follow suit in the near future.

Iran is offering oil bound for exports via the stock exchange as a way to circumvent the looming US sanctions aimed to restrict the country’s oil exports.

Oil ministry’s news service Shana quoted the National Iranian Oil Company (NIOC) CEO on Sep. 30 as saying that Iran has no plans to cut its crude oil production, adding that NIOC can easily collects the money from selling crude oil.